Economy > Regional

China's island province Hainan to continue optimizing business environment

HAIKOU
2020-01-14 10:03

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HAIKOU, Jan. 14 (Xinhua) -- South China's Hainan Province will make continuous efforts to optimize the business environment in the Yangpu Economic Development Zone in a bid to facilitate the construction of the Hainan free trade zone and free trade port with Chinese characteristics.

The process of applying for starting businesses in Yangpu will be shortened to one and a half workdays, according to a press conference held on Monday.

Service windows for foreigners will be opened to provide better services for those who need residence and employment permits as well as foreign experts certificates, said the press release.

Favorable measures will also be taken in areas such as investment, construction projects, administrative approvals and financial support for small and micro-sized firms.

As a state-level development zone established in 1992 in the northwest of Hainan, the Yangpu Economic Development Zone is expected to develop into a growth point of Hainan's high-level development and a pilot zone of Hainan free trade port.
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